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balanced deficit reduction package that will do enormous good to our economy. and the kind of package that i should not leave out, that includes targeted investments so our economy continues to grow and create jobs. it would, as i said on a number of occasions, deficit reduction in an of itself is not a goal, it should be part of an economic plan is that is focused on economic growth and job creation. the president is very focus odden that. >> just a second ago, you referred to, when talking about the debt ceiling, taking it off the table, to be part of the deal. you referred to the economy being held hostage. you're aware that president obama voted against -- >> we addressed that. there was no threat of default at the time. what happened in 2011, as we all know because we all lived it, most of us in this room, was the threat of default, a willingness expressed by many to see the american economy under default and with all the consequent impacts on the global economy and on the american middle class. . in order to do that and was enormously damaging to consumer confidence.
economy and will her job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal clef. one reason why we believe that we put revenue on the table as long as it is accompanied by serious spending cuts to avert a crisis. we believe this is the president's request for a balanced approach to this issue, and we are going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all now that we have had the spending crisis coming at us like a freight train. it has to be dealt with. in order to try to come to an agreement, republicans are willing to put revenue on the table. it is time for the president and democrats to get serious about the spending problem our country has. i am optimistic. we can continue to work together to avert this crisis, sooner rather than later. >> good morning. last week, the president's chief political adviser indicated that medicare and medicaid are the main drivers of our deficit. i know we have seen this morning als
is not good for -- on a bad deal is not good for the american economy. we had a good first quarter, reasonably good second quarter, third quarter, driven with this uncertainty with respect to the election and financial cliff, and the economy ground to a halt, we have a backlog of economic development project in the southeast, 300 projects representing $15 billion of investment, 45,000 jobs, good paying jobs. those -- >> does that evaporate if dividend taxes go up? >> if we go off the financial cliff, most economists predict another economy growth, there is no reason to move forward. neil: maybe the point for you, better than -- i know where you are coming from. >> let me tell you -- neil, wait could one more point. kicking table economic 48% of our family in southeast make less than $40,000 a year, any increase in taxes that slows the economy would be -- neil: would a cliff be worth it? >> a cliff would be bad short-term, cause a recession, but at least it might do something about getting us focussed on spending, that is the part of the ledger that congress ignores it is amusing that harry rei
-breaking corporate profits show the economy is well on the road to recovery. what does it mean for workers? i'll give you some numbers and sam stein will be along with the conversation. >>> and world leaders say farewell to hillary clinton with a ringing endorsement. you'll want to see this video. michael tomasky on whether hillary clinton will make a run for the white house. share your thoughts on facebook and on twitter. we're coming right back. >>> welcome back to "the ed show." thanks for watching tonight. republicans are doing a lot of maneuvering on the fiscal cliff. president obama and the democrats have put forward a plan relying mostly on raising more revenue from the wealthiest 2% of the country. republicans rely mostly on cuts affecting the middle class and the poor and republicans aren't specific about how they get $800 billion in revenue. for the conversation, let's turn to richard wolffe, msnbc political analyst and vice president and executive director of msnbc.com. and molly ball, political reporter for "the atlantic." the republican proposal includes ryan's voucher program for medica
's time i explain to these good people about the fiscal cliff. think of the economy as the car and the rich man as the driver. if you don't give the driver all the money, he'll drive you over a cliff. it's just commonsense. >> finally someone on the right willing to tell the truth. but here's the thing. this time it doesn't matter if mr. burns, speaker boehner, or the tea party try to hold the american people hostage just to get what they want. the president isn't going to budge. >> so i want to sq thank you both for coming on the show tonight. congresswoman, let me start with you. is the gop serious about holding the economy hostage again just to get what they want? >> well, think about the cards that they are holding. they are in favor of tax cuts for the rich. they want to cut tax care programs and medicare and make seniors pay and threaten the economy of the united states of america by defaulting on payments or at least to threaten that. this is not a very popular position among the public. in fact, they will be -- i think it's a suicide mission that they are on, that the a
to protect the top 2%. better to take the hit now, they argued, than in january with the world economy in turmoil and second recession coming. number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more. number three, there's talk for the republican leaders that they could vote to continue the tax cuts for the 98% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loophol
to work on what we all agree to, which is let's keep middle-class taxes low. that's what our economy needs. that's what the american people deserve. >> white house also turning to social media has a twitter hash tag to spread its message. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress. write them an e-mail, post it on their facebook walls. you can tweet it using the hash tag #my2k. not y2k, my2k. >> i think that's going to push us into the promised land. >> i was incredibly encouraged. i had been depressed and then i said this could actually get done with a hash tag. >> you're very pessimistic. we heard erskine bowles saying yesterday, he thinks it's less than a one in three chance, of course, co-author of the simpson-bowles plan. >> i was in washington earlier this week and met with a lot of these characters. the bottom line is there have been a lot of meetings, most of them between people w
. and furthermore, his tax proposal will kill about 700,000 jobs and do harm to the economy, again the wrong direction. host: and that was the new g.o.p. conference secretary voicing her thoughts on the fiscal cliff negotiations yesterday. and we want you to address the issue of what the g.o.p. is raising, which is address the spending problem. 202 is the area code for our numbers. that's our question this morning in this first segment of the "washington journal." you can also contact us via social media and email. you can make a comment on our facebook page, and finally send us a tweet. here is the hill newspaper from this morning. g.o.p. forget tax rates in talks on the deficit, let's look at the spending. the speaker's swift rejection of an idea floated by representative tom cole of oklahoma, a respected party strategist and former chair of the house g.o.p. campaign committee came as the republicans voiced increasing concerns over the debate of the so-called fiscal cliff. boehner said it's time for them to get serious about the spending problem that our country has. republicans complain t
on us all. now through january 2nd. >>> record-breaking corporate profits show the economy is well on the road to recovery. what does it mean for workers? i'll give you some numbers and sam stein will be along with the conversation. >>> and world leaders say farewell to hillary clinton with a ringing endorsement. you'll want to see this video. michael tomasky on whether hillary clinton will make a run for the white house in 2016. share your thoughts on facebook and on twitter. we're coming right back. from easy, breezy, beautiful covergirl. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back to "the ed show." thank
-- never rise above it, what does that say about our country? to me, it says our economy is failing to provide the basic security, much less rising wages. our schools are failing to provide a path out of poverty our families and communities are breaking down -- out of poverty. our families and communities are breaking down. our homes and neighborhoods. at a time of great consequence, the american people have chosen a divided government. it is up to us to make this divided government work. we have to set aside partisan concerns. how to work together to prepare this economy to get people back on their feet? how do we get this sense of real security and upper mobility for all americans, especially those in need? they are the same. the old ways will not do. we need new thinking and renewed efforts from all americans. it is true that president obama won reelection. i congratulate him on his victory. on january 20, he will face a a fiscal economy and and i mess. you might say he will inherit these problems. [laughter] [applause] he his second term, i hope t will offer fresh ideas. failure
will be blamed. remember, this is the obama era. it's going to go down as his economy. i ask people who was speaker of the house during the great depression when roosevelt was president. i'll give a hundred dollars to anyone who can name who the speaker of the house was in the critical first hundred days -- >> jim over there would know. >> henry thomas reigny. now, there's a name in the history books. point being, the speaker is an important player, this is significant, but it is obama's job to lead and define so if there's negative consequences here, particularly in the economy, it's going to be in the obama era, things didn't get fixed. who is it? the australian finance minister who says the united states is one budget deal away from being a great country. there's a lot of people in business who think we are poised to do some really good things in the global economy, the united states is, but if we can't untangle this mess, it's not going to happen. >> you know about the inner workings in the government more than any living person, every single administration of our lifetime. you've b
this wrong, the economy is going to go south. we don't have a lot of time here. we have a few weeks to get this thing done. we could get it done tomorrow. optimistically, i don't think we are going to get it done tomorrow. >> the white house is using all social media resources to get the message out and put pressure on the republicans. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress, write them an e-mail, post it on their facebook walls. you can tweet it using the hash tag my 2 k, not y2 k. >> the president was laughing about you the strategy, seriously effective. the my2k was one of the top trends on twitter all day long. republicans aren't too happy. they are getting outflanked. >> if the president wants to reach an agreement, he needs to be talking with the members of his own party right here in washington trying to broker an agreement, not out there firing up crowds and giving speeches. >>
the economy. >> i've heard of the economy, yes. >> the unemployment rate is still way too elevated. 7.9%. gdp got a pop but most of us agree it is growing well too slowly. this is our biggest near term problem. our biggest near term problem is not the budget deficit. that is a long-term problem, a serious problems, we have a chance to do something about it. . if we can at the same time, help the 2013 economy by giving it a bit of a boost, that means a lot to workers, their paychecks, job availability. i'm very happy to see that was in there. >> when you look at the white house's proposal, what do you think they think they can actually get? >> i think they think they can get the increase in the top rates. that's the biggest kind of thing to finally break the mold on that, to really push back against the kind of grover norquistian asymmetry. i think they can get that. i'm not sure we end up at 396 for the top rate, but i think they will get that. i think probably by giving some on the entitlements as is in their opening bid, they will be able to get back to perhaps some of the stimulus ideas as
that will affect your spending, lifestyles or the economy in any significant way. >> yes, indeed. the president is standing confident standing firm on middle class tax cuts and against any effort by republicans to throw the debt ceiling into the equation. >> if congress in any way suggests that they're going to tieç negotiations to debt ceilg votes and take us to the brink of default once again, as part of a budget negotiation, i will not play that game. >> as the president perfects his steely gaze, keep in mistake he's keeping side eye on splintering cracks appearing amongst congressional republicans' supposedly solid front. >> personally u i know we are to raise revenue. i don't care which way we do it. i would rather see the rates go up than do it the other way. >> let's take the american people out of the line of fire. particularly that 98%. >> maybe there's something in the oklahoma water supply. if republican lawmakers are falling pray to the mendacious middle class those at fox news are standing up for the needs of those persecuted top earners. >> this is a different america. how did w
in the economy that would indicate that the job market is strong enough to actually bring down that overall unemployment rate. earlier this fall weekly jobless claims had dipped below that line, right before the election, and now they seem to be creeping above it, 393,000 is the number that we're hat today. it's interesting to note that we're going to get an overall unemployment number coming out. some people think based on this number that that could go back above 8% as well. bill: we were so keane on these numbers and waiting for them to tell us what they would tell us about the economy, and how voters were thinking and feeling and how it would play out in the election. a lot of people are now saying hey man, wrist the attention on the numbers. job number one is how to maybe the economy stronger. guess who is coming to the white house for lunch? >> mr. president you're entitled as a president to your own aeu own airplane and own house but not to your own facts. bill: those are topics that will likely not come up today. martha: peanut butter and honey is mitt romney's sandwich. we'll see i
savings as part of that and invest in things that matter to the american economy. we think we can do that. we have a good chance to do it now. it's important that we do it. i think we're going to get there. >> given tough talk over the weekend, why aren't we waking up to down numbers, red arrows? >> europe is terrific. bond rates are phenomenal. a great run. china numbers are better. i think that there's a lot of people who feel like doug cast does who writes with me with a piece in "the new york times" saying that -- >> most stuff is nontaxable accounts any way. most stocks that people won't be as motivated to sell as people think. of course that doesn't necessarily deal with the increase in payroll taxes and the whole recession side of it. it does deal with the stock market side in terms of selling. >> why not say, listen, fiscal cliff, i have to cut numbers. i have to cut guidance. i think many ceos will cut guidance because of the possibility that the amt is going to -- this alternative minimum tax, people don't know they have to write a check for $3,500 at the end of the year. once y
obama during his victory speech said he wanted to hit down, talk to romney about the economy, his views on the economy specifically right how giving the looming fiscal cliff. so i suggest -- or i imagine they will discuss that, as well. but do we expect anything larger to come out of this? the white house is managing expectations saying there is really no agenda for this luncheon. it's really to bury the hatchet and to allow the country to move on, as well. >> right now, though, we do know treasury secretary tim geithner as we were telling everyone was on the hill, these marathon meetings with congressional leaders. what more do we know about those meetings? obviously starting off with some of the harder ones at first bhak through nancy pelosi as his last. >> we know the treasury secretary will be heading to the hill with rob nabors. he will be meeting with all of these congressional leaders separately. starting off -- or including house speaker john boehner. of course boehner will be key to moving the needle on these fiscal cliff negotiations. this comes on the heels of a phone call be
starting to hurt the economy, do you agree? >> you see that with the investment spending, and it can only get worse as we get closer to the end of the year as everybody holds their breath in the economy collectively, we have big problems. lori: one thing was the incredible amount of government spending especially on defense. one of the biggest issues is concerning. >> the issue really is what happened in the current quarter and going into the beginning of next year. other types of discretionary spending is as well. the total is $600 billion, the economy simply cannot withstand that sort of shock. we saw a week underlining detail report. know the economy will be soft in the current quarter due in part to hurricane sandy but also the slower trends in the various components. lori: 1.7 is the consensus estimate of expansion, what are you thinking? >> we're forecasting 1.3%. in the ballpark of 1.7 before hurricane made landfall. more of a ceiling than a floor at this point. lori: anything good to look forward to? >> things don't look all that bad next year. one of the key reasons when next you
on to conservative principles very closely. for example, the need for what they call a pro-growth economy, like senator ron johnson. let me play for you what he had to say. >> this president simply doesn't understand that and as a result he's going to punish success, put at risk the economic growth that we really need to create jobs, revenue that we need. >> this is sort of the talking point that we've been hearing all along. is there any indication around capitol hill that there is some softening on that? >> i don't even know what that means, putting -- basically, i believe that the argument is that only by decreasing taxes can you lead to growth. there is a lot of historical evidence that that is not necessarily the case. i think the issue for the gchop right now is whether the tax cuts expire for everyone or whether for only those with income over $250,000. >> let me bring in jim from the national journal. jim, we had a little technical problem there. let me ask you about what she said said. can anything be decided at all until a decision is made about who is going to have tax cuts expire if
and that would be good for businesses, for our economy, for future generations. and i believe both parties can and will work together in the coming weeks to get that done. we know how that gets done. we're going to have to raise a little more revenue, we've got to cut out spending we don't need, building on the trillion dollars of spending cuts we've already made, and if we combine those two things, we can create a path where america's paying its bills while still being able to make investments in the things we need to grow like education and infrastructure. we know how to do that. but, you know, in washington, nothing is easy so there's going to be some prolonged negotiations. and all of us will have to get out of our comfort zones to make that happen. i'm willing to do that. i'm hoping enough members of congress in both parties are willing to do that as well. we can solve these problems. but where the clock is really ticking right now, is on middle-class taxes. at the end of the year, middle class taxes that are currently in place are set to expire. middle class tax cuts that are currently i
important thing we do for national security though, is to get our economy on track. and we are in a very strong position. as i travel around the world, it's fascinating. european leaders, asian leaders, they all say to me, america actually is poorest to be the world leader for another century. if we can fix some of this political dysfunction. and there are some very simple steps that we can take. number one, let's not raise taxes on middle class families. that's something we could do right now. number two, let's have a smart long term deficit reduction program that includes us doing some things right now that would help with job creation. number three let's not manufacture another debt ceiling crises and number four let's make sure that we're making the kind of investments in education and work force development, energy independence, infrastructure and research and development that ensures that we're innovating as we have in the past. >> rose: julianna goldman of bloomberg joins me from washington and she interviewed president obama on tuesday. that was an excerpt from her interview and
the investment into the economy. there is an argument that it didn't work under fdr. war world war ii bailed us out. rather than that. so, i'm a small business guy, i'm a simple guy. i don't have a lot of sophisticated looks on things. i know that i have 350 employees and if you raise a bunch of taxes on me, i don't have as much money to hire people with. some people act like i'm trying to get richer and not hire people like i'm a greedy jerk. it helps me to grow my business and help more people. to me, it seems like it constricts the economy to raise taxes. >> i want an honest answer here. have you bought a ticket? >> you know, i have never done that. i have done so many stupid things with money. but i've never done that one. >> well, you are missing out on a lot of fun. killjoy. >> it is good to talk to you. and you make a lot of sense. >> coming up. and the fiscal cliff again. turning into one of mit romney's top money men. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better th
's what our economy needs. that's what the american people deserve. >> the white house is also turning to social media in a new twitter hash tag to spread his message. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean you to. call your members of congress. write them an e-mail, post it on their facebook walls. you can tweet it using th the #my2k. not y2k, #my2k. >> they showed support for cutting a deal with the president. yesterday the oklahoma republican repeated his belief that congress should start by locking in tax cuts for the middle class. >> in my view, we all agree that we're not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now, continue to fight against any rate increases, continue to try to work honestly for a much bigger deal. >> if the president is willing to accept 80% of the bush tax cuts for 98% of the american people, i think that's a point we
revenue. >> the economy is in a different position, the president actually did sign into law a series of cuts, he's proposed a lot in his 2013 budget. it's not like he's been stagnant. we've been having this argument throughout the presidential campaign and guess what? as we keep saying, americans said we're not buying it. the conditions have changed, the economy has changed, i think the outlook in the picture has changed. that's part of the reason the president is so firm about not going back to the debt ceiling conversation again and creating that level of instability and not bending on this issue of raisings the rates on the top 2%. >> yeah. i think -- >> go ahead. >> it's an important point. i think the american people are seeing that the president has already agreed to more than a year ago to that $1 trillion of cuts. that was 100% in cuts as part of the budget control act and he's always said we need a balanced approach. we can't do it through cuts alone. he has proposed additional cuts as part of the process but you need to have that revenue component to have the balanced appro
low. that's what our economy needs. that's what the american people deserve. >> bill: you'll see some photos of this event yesterday at the white house up on our web site at billpressshow.com. again, the president pointed out it's passed the senate. get it through the house. he's got his pen ready to go. >> obama: democrats in the house are ready to vote for that same bill today. if we can get a few house republicans to agree as well, i'll sign this bill as soon as congress sends it my way. i gotta repeat, i've got a pen. i'm ready to sign it. >> bill: he held up his pen. i've got a pen. he says a few house republicans that's right, you don't need that many but you need to bring it up for a vote. boehner won't do it. why won't boehner do it because boehner says that still says -- he's just dead ass wrong he still says that raising taxes on the wealthiest of americans on the 2% would cost -- would kill jobs and kill the economy and we know from the eight years under bill clinton proven just the opposite. in the
. >> professor robert reich and dr. james peterson, wisdom galore. >>> next, the economy shows real signs of life. will a cliff dive send it spiraling downward? stay with us. >> thousand or millions. >> millions. >> okay. >> no, i'm sorry, greta, thousands. >> oh -- >> no. between $27 million and $40 million. >> okay. >> a year. ♪ aids is not going to take my baby. ♪ aids will not take our future. ♪ our weapons are testing... education, care and support. ♪ and aids... ♪ aids is going to lose. aids is going to lose. ♪ ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>> the most severely conservative of republican pundits have consulted their unskewed polling and they see an electorate that will reward any republican who refuses to compromise on the fiscal cliff. now, we know that attitude didn't work well with voters when republicans held the debt ceiling hostage last year, but now with the economy showing signs of life this week, the question becomes will the
. martha: he argues the economy is ready to take off if people would just stop playing the blame game. bill: one of the changes that may be coming is the reduction in the mortgage interest rate duck you can claim. but according to the i.r.s. only a small percentage of americans claim it after all. all. 37% in maryland and 15% in north dakota. 73 per of americans are opposed to changing that. martha: the owner of popular restaurant chains claims complaints about obama-care have been hurting the company's bottom line. the head of darden says part of the blame is the negative coverage on the company's position on obama-care. we are just beginning on this wednesday morning. dock workers getting back on the job after a crippling 8-day strike at the port of los angeles and long beach. we'll look at the toll that the work stoppage has taken on the u.s. economy. bill: a questionable cartoon featuring the rich stealing from the middle class. martha: two rising stars in the republican party laid out their vision for the future last night and for their party. >> we need to carry on and keep fighting f
to gdp in 2013 will be 3.5 percentage point. the economy's growing two percentage points. subtract 3.5, that is a severe recession. >> if we go off the fiscal cliff with no policy changes the near-term negative economic consequences would be significant and most assuredly throw us into a recession. >> comes a day after treasury secretary tim geithner told cnbc the white house is prepared to go the distance if its demands are not met. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again we see there's no agreement that done involve those rates going up on the top 2% of the wealthiest. remember it's only 2%. >> former senator alan simpson, co-founder of the fix the debt campaign, choice words and analysis for would-be cliff jumpers. >> when you have leaders of parties and people from the administration saying, i think it will be to the advantage of the democrats to go off the cliff, wealthy it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your cou
's impossible to address our country's debt crisis and get our economy going again and to grow jobs. right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president congressional democrats to tell the american people what spending cuts they're really willing to make. >> cenk: there he goes again spending cuts, enexcitement reform. we'll get to entitlement reform in a minute. they are huffing and puffing and laughing in tim geithner's face today. based on some articles that i have read, this morning i tweeted out: there is the unknown ones, how much are they going to increase taxes. i predicted 37-38% and capitol gains 20%-22%. i don't have definitive numbers for you sos i got it right but i read this today: >> cenk: now do you understand that? the clinton era rates are 39.5 wear. all along, president obama was saying i'm taking away the bush tax cuts, we're going back to the clinton era rates right? all of a sudden not really going back to the clinton era rates. that's why i was saying you know what, they might increase the ra
that. our economy is a lot better. we can still go a long way. i just don't believe that there is the makeup of a great deal, because you can't trust anything any of these folks say. this is one of the reasons why i believe, tom, that the republicans haven't detailed out exactly what deductions are we talking about, what loopholes are they talking about. they won't come clean with the american people on this. it's all in these vague generalities. now, president obama is not interested in taking negotiations further until republicans put a rate increase on the table. and this is where boehner is running into trouble. do you think they'll eventually put a rate increase on the table? >> they're either going to do that or take us into a very dangerous fiscal situation over the cliff. this is a loosy in the football situation and the president says, i'm not going to kick again until you show me some serious commitment. and keep in mind, this is the republican leadership that supported the $718 billion of savings in medicare that was part of the health care provisions to e
Search Results 0 to 49 of about 177 (some duplicates have been removed)